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House / Villa
23 Rooms
•
470 m²
Centre Ville, Vitry-sur-Seine
1 627 500 €
FOR AN INVESTMENT/DEVELOPMENT OPPORTUNITY: In a rapidly developing area, a private mansion/townhouse is for sale, requiring complete renovation. Significant work is needed: 470 sq m of living space. Alternatively, it could be used for a real estate development project such as the construction of a hotel or student residence. Previously, the house was converted into 22 studios plus one one-bedroom apartment. Operated a few years ago, this property generated euros180,000 in annual rental income, valuing the building at euros2,250,000 for a gross yield of 8%. Please do not hesitate to contact me for further information and/or to arrange a viewing! The fees are to be paid by the seller. Les informations sur les risques auxquels ce bien est exposé sont disponibles sur le site Géorisques : www. georisques. gouv. fr. ** ENGLISH SPEAKERS: please note that Capifrance has an international department that can help with translations. To see our range of 20,000 properties for sale in France, please visit our Capifrance website directly. We look forward to finding your dream home!